Ethereum down 57% from its all-time high, but it’s still worth more than Toyota

Ether is trading at around half its all-time high price, but the Ethereum network is still valued higher than some of the world’s most prominent companies. Ether (ETH) traded at roughly $2,088 at the time of writing amid continued exchange-traded fund (ETF) outflows, down over 57% from its all-time high of nearly $4,900 set in mid-November 2021, according to CoinMarketCap data. Despite this decline, Ethereum maintains a market capitalization of nearly $252 billion, surpassing global corporations such as Toyota ($250 billion) and the total market value of the precious metal platinum ($245 billion).Other notable companies currently worth less than the Ethereum network include IBM, McDonald’s, General Electric, Shell and Disney source: https://cointelegraph.com/news/ethereum-is-down-57-but-is-still-worth-more-than-toyota?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound